Common use of Parent Payment Clause in Contracts

Parent Payment. If this Agreement is validly terminated (x) pursuant to Section 7.1(g) or Section 7.1(i) or (y) by Parent pursuant to Section 7.1(c), only if at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g) or Section 7.1(i), then Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 (the “Parent Termination Fee”), in accordance with the payment instructions which have been provided to Parent by the Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Relic, Inc.)

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Parent Payment. If this Agreement is validly terminated (x) pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i) or (y) by Parent shall terminate this Agreement pursuant to Section 7.1(c), only if 8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i), then Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 528,000,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to Parent by the Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (RealPage, Inc.)

Parent Payment. If this Agreement is validly terminated by (xi) the Company pursuant to Section 7.1(g) or Section 7.1(i(ii) or (y) by the Parent pursuant to Section 7.1(c), only if ) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g) or Section 7.1(i), in each case, then the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 6,000,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to the Parent by the Company as of the Agreement Datedate of this Agreement, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intricon Corp)

Parent Payment. If this Agreement is validly terminated (x) pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i) or (y) by Parent shall terminate this Agreement pursuant to Section 7.1(c), only if 8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i), then Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 99,685,096 in cash (the “Parent Termination Fee”), ) by wire transfer of immediately available fund in accordance with the payment instructions which that have been provided to Parent by the Company as of the Agreement Date, or as provided or further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Parent Payment. If this Agreement is validly terminated (x) pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i) or (y) by Parent shall terminate this Agreement pursuant to Section 7.1(c), only if 8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i), then Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 290,626,000.00 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to Parent by the Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cloudera, Inc.)

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Parent Payment. If this Agreement is validly terminated by (xi) the Company pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i) or (yii) by Parent pursuant to Section 7.1(c), only if 8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i), in each case, then Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 365,000,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to Parent by the Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (STAMPS.COM Inc)

Parent Payment. If this Agreement is validly terminated by (xi) the Company pursuant to Section 7.1(g) or Section 7.1(i) ), or (yii) by the Parent pursuant to Section 7.1(c), only if ) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g) or Section 7.1(i), then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 24,258,870 in cash (the “Parent Termination Fee”), in accordance with the payment instructions which have been provided to the Parent by the Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.Company. (d)

Appears in 1 contract

Samples: 96592628v24 Agreement and Plan of Merger (Hni Corp)

Parent Payment. If this Agreement is validly terminated pursuant to (xi) Section 8.1(g) or Section 8.1(i) or (ii) Parent shall terminate this Agreement pursuant to Section 7.1(g8.1(c) or Section 7.1(i) or (y) by Parent pursuant to Section 7.1(c), only if and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 7.1(i8.1(i), then Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $524,000,000 34,400,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to Parent by the Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tufin Software Technologies Ltd.)

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